Map of Gentbrugge on Second, financial markets help allocate resources over time. In the absence of direct or indirect finance, firms, households, and governments would have been required to spend out of their current incomes only. Financial markets allow households to borrow against their future income (in credit markets), firms to raise capital against their future profits (in equity markets), and governments to issue bills and bonds against their future revenues (in debt markets). Third, financial markets enable participants to exchange risks, and therefore help share risks more efficiently. Indicators of economic development. All of these basic functions of financial markets and intermediaries have long been recognized as important indicators of economic development. At least since Joseph SCHUMPETER (1951), many economists have argued that a well-functioning, mature financial system is an important determinant of economic growth. Map of Gentbrugge 2016.
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Map of Gentbrugge Holiday Map Q.